Cincinnati, Houston and UCF are reportedly in talks with the American Athletic Conference about a settlement that would allow them to leave for the Big 12 in 2023 instead of 2024.
Brett McMurphy of the Action Network reported Tuesday the schools are discussing an agreement worth in the "$17 million to $20 million range" after AAC Commissioner Mike Aresco sought a $35 million early-exit fee.
Sources told McMurphy the three programs are "fully confident" a deal will be finalized this month.
This article will be updated soon to provide more information and analysis.